Integrating Company Research and Evaluation
Processes to Curate Investment Choices
CHICAGO, Feb. 12,
2024 /PRNewswire/ -- Morningstar Wealth, a division
of Morningstar, Inc. (Nasdaq: MORN) today announced the addition of
third-party Separately Managed Accounts (SMAs) to its Morningstar
U.S. Wealth Platform, after undergoing a rigorous selection
process. This expansion offers increased flexibility and choice to
advisors and their clients, elevating the advisor-investor
experience.
The newly added third-party SMAs have been curated from leading
asset management firms including AllianceBernstein, Congress Asset
Management, John Hancock Investment Management, Lazard Asset
Management, Putnam Investments, and WCM Investment Management.
These additions expand the range of investment choices advisors
have to build portfolios and holistic unified managed accounts
(UMAs), tailored to their clients' specific goals and
objectives.
"Morningstar's dedication to empowering advisors is core to why
we implemented a manager selection process leveraging our renowned
manager research team to provide a curated selection of investments
available on the Wealth Platform," said Cindy Galiano,
managing director of U.S. Wealth Platform & Investment
Solutions at Morningstar Wealth. "Here, advisors can readily access
vetted investment options to best serve their clients, eliminating
the need to navigate a vast marketplace."
SMAs have witnessed substantial growth in the investment
landscape, doubling their assets under management to nearly
$2 trillion since 2019. This growth
trend is expected to persist, with SMAs projected to reach
$3 trillion in the near future,
according to Cerulli Associates.
For more information about Morningstar Wealth Platform and its
expanded investment offering, please visit mp.morningstar.com.
About Morningstar Wealth
Morningstar Wealth is a global organization dedicated to
empowering both advisors and investor success. Our extensive range
of offerings includes Morningstar Wealth Platform (turnkey asset
management program), model portfolios managed by Morningstar
Investment Management ($264 billion
in assets under management and advisement), Morningstar Office (portfolio management
software), ByAllAccounts (data aggregation and enrichment),
Morningstar Investor (individual investor platform) and
Morningstar.com.
Morningstar's Manager Due Diligence and Selection
Services
Manager Due Diligence and Selection Services are offered by
Morningstar Research Services LLC, a subsidiary of Morningstar,
Inc. Investment research is produced and issued by subsidiaries of
Morningstar, Inc. including, but not limited to, Morningstar
Research Services LLC, registered with the U.S. Securities and
Exchange Commission. Manager Due Diligence and Selection Services
provides investment consulting services to Institutional Clients on
a non-discretionary basis, with the Institutional Clients having
final decision-making authority on whether to follow the
recommendation(s) or not.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent
investment insights in North
America, Europe,
Australia, and Asia. The Company offers an extensive line of
products and services for individual investors, financial advisors,
asset managers and owners, retirement plan providers and sponsors,
and institutional investors in the debt and private capital
markets. Morningstar provides data and research insights on a wide
range of investment offerings, including managed investment
products, publicly listed companies, private capital markets, debt
securities, and real-time global market data. Morningstar also
offers investment management services through its investment
advisory subsidiaries, with approximately $264 billion in assets
under advisement and management as of Sept.
30, 2023. The Company operates through wholly- or
majority-owned subsidiaries in 32 countries. For more information,
visit http://www.morningstar.com/company. Follow Morningstar on
Twitter @MorningstarInc.
MORN-P
Media Contact:
Elizabeth Durkee, +1 312 696-6037 or
newsroom@morningstar.com
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SOURCE Morningstar, Inc.